Mithaq Capital Amends Children's Place Stake Filing

TL;DR

Mithaq Capital updated its 13D filing for Children's Place - watch for ownership changes.

AI Summary

Mithaq Capital SPC, through its group members including Turki Saleh A. AlRajhi and Muhammad Asif Seemab, has filed an amendment (Amendment No. 4) to its Schedule 13D on September 16, 2024, regarding its holdings in The Children's Place, Inc. The filing indicates a change in their beneficial ownership of the company's common shares.

Why It Matters

This amendment signals a potential shift in the ownership structure or strategy of The Children's Place, Inc., which could influence its stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility and strategic shifts in the target company.

Key Players & Entities

• Mithaq Capital SPC (company) — Filing entity
• Turki Saleh A. AlRajhi (person) — Beneficial owner
• Muhammad Asif Seemab (person) — Beneficial owner
• The Children's Place, Inc. (company) — Subject company
• SNOWBALL COMPOUNDING LTD. (company) — Group member

FAQ

Key Financial Figures

• $0.10 — e of Issuer) Common Shares, par value $0.10 per share (Title of Class of Securiti
• $2,500,000 — 0 Common Shares) for a total expense of $2,500,000. The source of funds used by Mithaq SPC

Filing Documents

• tm2424133d1_sc13da.htm (SC 13D/A) — 97KB
• tm2424133d1_ex99-2.htm (EX-99.2) — 5KB
• 0001104659-24-100169.txt ( ) — 104KB

of the Initial 13D is

Item 3 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraph to the end thereof: “On September 13, 2024, Mithaq SPC acquired 250,000 Common Shares by exercising all 2,500 of its previously disclosed American-style call options that remained outstanding (which options were acquired on February 12, 2024 and referenced an aggregate amount of 250,000 Common Shares) for a total expense of $2,500,000. The source of funds used by Mithaq SPC to exercise such options is its working capital. No part of the purchase price paid to exercise such options was borrowed by any Reporting Person for the purpose of acquiring, holding, trading or voting any securities discussed in this Item 3. The number of Common Shares beneficially owned by the Reporting Persons has not changed as a result of the option exercise reported in this paragraph.” Item 4. Purpose of Transaction.

of the Initial 13D is hereby amended and supplemented

Item 4 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraph to the end thereof: “The disclosure set forth in Item 3 of Amendment No. 4 is incorporated herein by reference.” Item 5. Interests in Securities of the Issuer. Items 5(a) and (b) of the Initial 13D are hereby amended and restated as follows: “(a), (b) Each Reporting Person (other than Snowball) beneficially owns an aggregate of 7,001,787 Common Shares, including 1,000 Common Shares held directly by Snowball. These Common Shares represent approximately 55.1% of the outstanding Common Shares. Snowball beneficially owns 1,000 Common Shares, which represent approximately 0.0% of the outstanding Common Shares. Mithaq SPC has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 7,001,787 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 7,001,787 Common Shares. Mithaq Global has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 7,001,787 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 7,001,787 Common Shares. Mithaq Capital has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 7,001,787 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the disposition of 7,001,787 Common Shares. Turki Saleh A. AlRajhi has the sole power to vote or direct the vote of 0 Common Shares; has the shared power to vote or direct the vote of 7,001,787 Common Shares; has the sole power to dispose or direct the disposition of 0 Common Shares; and has the shared power to dispose or direct the

(c) of the Initial 13D

Item 5(c) of the Initial 13D is hereby amended and supplemented to add the following information: “All transactions in the Common Shares and call options effected during the past sixty days by the Reporting Persons are set forth on Exhibit 99.2 hereto and that information is incorporated by reference herein.” Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

of the Initial 13D is

Item 6 of the Initial 13D is hereby amended and supplemented by the addition of the following paragraph to the end thereof: “The disclosure set forth in Item 3 of Amendment No. 4 is incorporated herein by reference.” Item 7. Material to be Filed as Exhibits. Exhibit 99.2 Trading Data

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: September 16, 2024 SNOWBALL COMPOUNDING LTD. By: Mithaq Capital SPC, its sole stockholder By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: September 16, 2024 MITHAQ CAPITAL SPC By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: September 16, 2024 MITHAQ CAPITAL By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: September 16, 2024 MITHAQ GLOBAL By: /s/ Turki Saleh A. AlRajhi Name: Turki Saleh A. AlRajhi Title: Director Date: September 16, 2024 TURKI SALEH A. ALRAJHI By: /s/ Turki Saleh A. AlRajhi Turki Saleh A. AlRajhi Date: September 16, 2024 MUHAMMAD ASIF SEEMAB By: /s/ Muhammad Asif Seemab Muhammad Asif Seemab

View Full Filing

View this SC 13D/A filing on SEC EDGAR